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Yes can wait for price to come down. The up trench is more likely to cause price moving towards $1.00
Good
With quite a few brokerage firm recommanding a Buy, should start to accumulated as it crossing $1.00 soon
DBS reseach recommand Buy with TP:$1.17 and Phillip Securities Research recommanded Buy with TP:$1.27
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DBS Group Reseach 2009-09-29 11:01:00Singapore Company Focus - Ying Li International Real Estate |
| Go West with this Niche Developer (Revised) |
Recommanded Buy:$0.875
Price Target: $1.17
this may be clearer -
Yingli International Real Estate Limited – Update (Brandon Ng)
Recommendation: Buy
Previous close: S$0.895
Fair value: S$1.270
Yingli announced that they have acquired another prime area in Yuzhong, Chongqing through a government land auction for RMB 851.6 million and to develop it into an integrated development project, with high-end residential, hospitality, as well as high-grade retail component.
Construction
costs will amount to approximately RMB 750 million and they will sell
the residential properties but retain the retail portion as investment
properties. Using a ballpark selling price and rental for its
residential and retail properties, we gauge that this project will add
NPV of approximately RMB 3065 million to the company. We add the new
project into our valuation model to arrive at a RNAV of S$1.270 and
maintain our BUY rating.
Research Team - Phillip Securities Research Pte Ltd
Yingli International Real Estate Ltd
Acquiring land bank in prime area
Yingli announced that they have acquired another prime area in Yuzhong, Chongqing through a government land auction for RMB 851.6 million. This land area is approximately 28,200 sqm and the company intends to develop it into an integrated development project, with high-end residential, hospitality, as well as high-grade retail component. Initial estimates from the developer are that the project will consist of 200,000 sqm of high-end residential units and 100,000 sqm for retail and hospitality.
erm, why shoot up so high today ????
perhaps rumours come into this stock, the buyer of MediaRing's tycoon is interested on Ying Li ?????? dunno ... alot of hearsay
| DJ MARKET TALK: Ying Li +7.8%; Primed For More Projects -Analysts | ||
| 9/15/2009 10:53:00 AM |
0253 GMT [Dow Jones] Ying Li International Real Estate (5DM.SG) +7.8% at S$0.555 on above-average volume, with interest driven by several married deals done at around S$0.50. Interest in China-based commercial property developer has picked up substantially since company announced share placement late August to raise S$28.7 million for development of International Financial Centre in Chongqing city. "Before the placement, there wasn't much liquidity in the shares, but people are now starting to take notice," says local house analyst. Adds, Ying Li well-positioned to capture development projects as Chongqing government plans to demolish number of older commercial buildings, turn them into more modern office properties; "they will have some form of involvement in redevelopment, especially since they have a very strong working relationship with the government." Given Chongqing authorities' urban renewal drive, CIMB, which has no rating on stock, calls Ying Li's prospects strong, ideal for investors prepared to look beyond a year. Orderbook quotes suggest stock may head up to S$0.57. (FKH) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com
Hi All,
the share price for this counter suddenly shoot up by $0.10. Any particular reason??